Cardano Price Surge To $1.7: Here Are The Factors To Drive The Recovery

Quick Summary:

A leading crypto analyst has identified multiple bullish catalysts that could drive ADA’s momentum and help propel the cryptocurrency to this bullish target.  Institutional Interest To Fuel Cardano Price Recovery According to a recent technical analysis by a pseudonymous TradingView analyst, Risk_Adj_Return,’ the Cardano price is suddenly showing signs of recovery after a period of sluggish performance.

This seemingly bullish turnaround has sparked predictions of a potential surge to $1.7.  Related Reading: Cardano Price Prediction: ADA Set To Crash To $0.4 After Correction To Liquidity Zone According to the analyst’s report, several factors have been fueling ADA’s recovery.

Any alignment between the Cardano price action and the FED decision could become a significant catalyst for upside momentum.  In his Cardano price chart, the TradingView analyst highlighted a bullish long trade setup on the 4-hour timeframe, utilizing the Heikin-Ashi candles.

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Author / Journalist: Scott Matherson

Category: Crypto

Markets: United KingdomChina

Topics: Adausd AMCrypto Trade war FOMC Meeting ADA news Fed Donald Trump ADA Heikin-Ashi Candles Cardano news ADA price Risk_Adj_Return Federal reserve Cardano price ADAUSDT Cardano

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Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-04-19 @ 01:34:09 (1 weeks ago)

News Timezone: GMT +8:00

News Source URL: newsbtc.com

Language: English

Article Length: 466 words

Reading Time: 3 minutes read

Sentences: 74 lines

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Copyright Owner: © NewsBTC

News ID: 27984819

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